Real Time Graphics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01817327 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

Real Time Graphics Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R L Taylor

Mrs J M Taylor

SECRETARY:

Mrs J M Taylor

REGISTERED OFFICE:

66 Stafford Street

Market Drayton

Shropshire

TF9 1JB

REGISTERED NUMBER:

01817327 (England and Wales)

FIXED ASSETS

Tangible assets

5

17,295

184,376

Investment property

6

310,000

-

327,295

184,376

CURRENT ASSETS

Debtors

7

1,924

1,709

CREDITORS

Amounts falling due within one year

8

45,161

55,383

NET CURRENT LIABILITIES

(43,237

)

(53,674

)

TOTAL ASSETS LESS CURRENT LIABILITIES

284,058

130,702

CREDITORS

Amounts falling due after more than one year

9

(50,892

)

(50,892

)

PROVISIONS FOR LIABILITIES

(21,341

)

-

NET ASSETS

211,825

79,810

CAPITAL AND RESERVES

Called up share capital

2

2

Other reserves

153,411

-

Retained earnings

58,412

79,808

SHAREHOLDERS' FUNDS

211,825

79,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 23 December 2019 and were signed on its behalf by:

R L Taylor - Director

1.	STATUTORY INFORMATION

Real Time Graphics Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements cover the company as an individual entity, have been prepared under the

historical cost convention and are presented in Pounds Sterling (£) being the functional currency.

The financial statements have been prepared on the assumption that the company is able to carry

on business as a going concern, which the directors consider appropriate having regard to the

company's current and expected performance.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising

from changes in fair value is recognised in profit or loss.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in

non-convertible preference and non-puttable ordinary shares which are measured at fair value, with

changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost

and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax, if applicable. Tax is recognised in the

Income Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the statement of financial position date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

Turnover

Turnover represents rental income receivable in the year.

4.

EMPLOYEES

The average number of employees during the year was 2 (2018 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2018

156,589

16,001

2,625

Reclassification/transfer

(156,589

)

-

-

At 31 March 2019

-

16,001

2,625

DEPRECIATION

At 1 April 2018

-

-

2,399

Charge for year

-

-

34

Eliminated on disposal

-

-

-

At 31 March 2019

-

-

2,433

NET BOOK VALUE

At 31 March 2019

-

16,001

192

At 31 March 2018

156,589

16,001

226

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2018

14,498

33,149

225

223,087

Disposals

-

(33,149

)

-

(33,149

)

Reclassification/transfer

-

-

-

(156,589

)

At 31 March 2019

14,498

-

225

33,349

DEPRECIATION

At 1 April 2018

13,391

22,877

44

38,711

Charge for year

111

3,547

75

3,767

Eliminated on disposal

-

(26,424

)

-

(26,424

)

At 31 March 2019

13,502

-

119

16,054

NET BOOK VALUE

At 31 March 2019

996

-

106

17,295

At 31 March 2018

1,107

10,272

181

184,376

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Revaluations

153,411

Reclassification/transfer

156,589

At 31 March 2019

310,000

NET BOOK VALUE

At 31 March 2019

310,000

Fair value at 31 March 2019 is represented by:

£

Valuation in 2019

153,411

Cost

156,589

310,000

Investment property was valued on an open market basis on 31 March 2019 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

1,924

1,709

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

3,983

4,159

Taxation and social security

3,387

-

Other creditors

37,791

51,224

45,161

55,383

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

50,892

50,892

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

50,892

50,892

10.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank loans

50,892

50,892

The debentures are secured by way of A) a fixed charge on all properties present and future,

goodwill and uncalled capital and equipment, and B) a floating charge on the undertaking and all

other property and assets of the Company.